Tron (TRX) evolved as an ERC20 token on the Ethereum blockchain network and is soon to launch its mainnet on June 21 with the target to become one of the most competing blockchains.
Since TRON ERC20 phase will be gone soon, there is going to be an airdrop of 30 million TRX Token to Ethereum holders, which has the estimated value of about $1.5 million with its price of $0.05 per token.
TRON and Ethereum
The airdrop will be done to simply attract Ethereum users to the TRON network. While featuring the event as a show of gratitude towards Ethereum, Tron Labs still continuous to be critical of the Ethereum network.
According to them, “Ethereum played a vital role in TRON’s early stage development, and we want to express our appreciation through this airdrop. However, we have also discovered many issues and bottlenecks during our time on the Ethereum platform. When we see a problem- we will set out to solve it.”
Those eligible recipients for the TRON airdrop are required to have a balance of over 1 ETH. For the airdropped amount, it will be randomized between 10-100 TRX.
According to Justin Sun, the founder of Tron Foundation, a $100,000 Tron loan has been kept for the ‘Discovery of Your Brilliance’ in the community to improve the Tron Foundation.
“If the project completes a new round of financing, te loan of $100k will be converted to its equivalent in equity at 80% of the company’s new valuation amount,” Sun said in a message shared on a socio-blogging platform. The Tron Loan will reflect the team’s nonstop support for the community, which will also uplift the ecosystem of Tron.